VIETNAM'S TRANSPORT, LOGISTICS NEED MORE PRIVATE PARTICIPATION TO MAINTAIN RAPID GROWTH: WB
[12-01-2016] The Vietnamese government need to work together with private sector importers, exporters and transport companies to improve freight logistics if the Southeast Asian country is to maintain its current rate of growth, according to the World Bank report released last week.
LIST OF CONDITIONS LEVELS PLAYING FIELD FOR INVESTORS
[07-01-2016] The Ministry of Planning and Investment last week introduced the long-awaited official list of investment conditions that apply to foreign investors. The investor community can now put their minds at ease following the Ministry of Planning and Investment’s (MPI) announcement.
NEW RULES LAID OUT FOR FOREIGN FINANCIERS IN VIETNAM
[06-01-2016] Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to have a minimum US$10 billion of assets at the end of the previous year as of February 8. Under Circular 30/2015/TT-NHNN recently issued by the State Bank of Viet Nam, these institutions also have to operate profitably for three consecutive financial years prior to the year they file for licensing.
MONETARY MARKET EXPERIENCING TOUGH DAYS
[06-01-2016] The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.
VN€™S ECONOMY IN 2016 €“ YEAR OF INTEGRATION
[06-01-2016] A string of Free Trade Agreements (FTAs) made ‘bumper’ debut in 2015, creating a solid foundation for 2016 which is so-called the year of economic integration.
BANKING RESTRUCTURING NEEDS A PUSH
[05-01-2016] 2015 is the last year of implementing the restructuring project of credit institutions of Vietnam in the period of 2011-2015 in accordance with Decision 254/QD-TTg of the Prime Minister (Project 254). The results of the project will certainly significantly affect the economic development of Vietnam in the long term.
NEW RULES LAID OUT FOR FOREIGN FINANCIERS
[05-01-2016] Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to have a minimum US $10 billion of assets at the end of the previous year as of February 8.
BILLION-DOLLAR FDI HIGHLIGHTS OF 2015
[05-01-2016] Vietnam set a record in attracting foreign direct investment capital in 2015, with a total sum of newly registered and expanded capital of $22.75 billion. Among these, there are four billion-dollar projects exceptionally worthy of attention.
